First Bank of Boaz

First Bank of Boaz is headquartered in Boaz and is the 61^st largest bank in the state of Alabama. It is also the 3,274^th largest bank in the nation. It was established in 1906 and as of March of 2012, it had grown to 28 employees at 1 location. First Bank of Boaz has a 5-star health rating.

First Bank of Boaz Routing Number: 062202163

Data for Q1 2012

Institution Statistics First Bank of Boaz FDIC Certificate # 2784 BankRate Report View Year Established 1906 Employees 28 Primary Regulator FDIC Assets and Liabilities Assets $188.08 million Loans $44.85 million Deposits $134.31 million Equity Capital $31.22 million Loan Loss Allowance $897,000 Unbacked Noncurrent Loans $499,000 Real Estate Owned $20,000 Historic Data - March 2011 Assets $172.41 million Equity Capital $24.98 million Loan Loss Allowance $771,000 Unbacked Noncurrent Loans $31,000 Real Estate Owned $117,000 Profit Margin - Quarterly Net Interest Margin 3.38% Return on Assets 1.25% Return on Equity 7.45% Interest Income $2.03 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Bank of Boaz had $519,000 in non-current loans and owned real-estate with $32.12 million in equity and loan loss allowances on hand to cover it. This gives First Bank of Boaz a Texas Ratio of 1.62% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Bank of Boaz held steady from 0.57% as of March 31, 2011 to 1.62% as of March 31, 2012, resulting in a negative change of 181.13%. This indicates that the balance sheet and financial strength for First Bank of Boaz has held steady in recent periods. Deposit Growth In the past year, First Bank of Boaz has increased its total deposits by $7.7 million, resulting in 6.08% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Bank of Boaz has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Bank of Boaz has $188.08 million in assets with $32.12 million in equity, resulting in a capitalization level of 17.08%, which is excellent.

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